---
schema_version: "secwatch.filing_event.v1"
accession: "0000939057-24-000093"
form_type: "8-K"
ticker: "RVSB"
cik: "0001041368"
company_name: "RIVERVIEW BANCORP INC"
filed_at: "2024-05-01T23:59:59+00:00"
generated_at: "2026-06-03T01:47:34.500015+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Riverview Bancorp reports Q4 net loss of $3.0M on securities sale and litigation charge

## Summary
- Net loss of $3.0M (-$0.14 diluted EPS) in Q4, vs net income of $1.5M in prior quarter and $3.0M year ago.
- Sold $46.2M in lower-yielding securities, pre-tax loss $2.7M; proceeds used to repay $43.5M FHLB advances.
- Recorded $2.3M litigation expense for proposed settlement related to former client; settlement subject to court approval.
- Net interest margin contracted to 2.32% from 2.49% prior quarter and 3.16% year ago; net interest income $8.6M.
- Total risk-based capital ratio 16.32%; tangible book value $6.07; paid $0.06 quarterly dividend.

## SEC filing metadata
- accession: 0000939057-24-000093
- form_type: 8-K
- ticker: RVSB
- cik: 0001041368
- company_name: RIVERVIEW BANCORP INC
- filed_at: 2024-05-01T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1041368/000093905724000093/0000939057-24-000093-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1041368/000093905724000093/riv8k42524.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000939057-24-000093
- JSON: https://secwatch.observer/filing/0000939057-24-000093.json
- Plain text: https://secwatch.observer/filing/0000939057-24-000093.txt

## Key facts
- Earnings Releases
  RIVERVIEW BANCORP INC reported fiscal year ended March 31, 2024 results: net income net income was $3.8 million, or $0.18 per diluted share.
  - Period: fiscal year ended March 31, 2024
  - Net income: net income was $3.8 million, or $0.18 per diluted share
  - Result: reported results
  source text: For fiscal 2024, net income was $3.8 million, or $0.18 per diluted share, compared to $18.1 million, or $0.83 per diluted share in fiscal 2023.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1041368/000093905724000093/0000939057-24-000093-index.htm
- Earnings Releases
  RIVERVIEW BANCORP INC reported the fourth fiscal quarter ended March 31, 2024 results: net income net loss of $3.0 million, or $0.14 per diluted share.
  - Period: the fourth fiscal quarter ended March 31, 2024
  - Net income: net loss of $3.0 million, or $0.14 per diluted share
  - Result: reported results
  source text: Riverview Bancorp Reports Fourth Fiscal Quarter 2024 and Fiscal Year 2024 Financial Results;
  evidence_url: https://www.sec.gov/Archives/edgar/data/1041368/000093905724000093/0000939057-24-000093-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.